Audience

Companies seeking a solution providing BI tools to create beautiful dashboards and reports

About Analytica

BI tools provide beautiful dashboards and reports that allow users to explore patterns in historical data. And past data can lead to insights. But it can never be prescriptive. Knowledge about what could happen, especially in unprecedented situations, and how to make it happen can only be achieved with Model-Driven decision-making. Analytica is a unique visual software environment for building, exploring, and sharing quantitative decision models that generate prescriptive results. Transcend cumbersome spreadsheets. Analytica’s scalability, power, flexibility, and clarity will be a revelation. Build transparent models using Analytica in a fraction of the time needed for procedural languages like R or Python. Get insights not just numbers. Use agile modeling to create models for effective business decision-making. Estimate risk and uncertainty using efficient probabilistic simulation. Smart sensitivity analysis shows what matters and why.

Pricing

Free Version:
Free Version available.

Integrations

No integrations listed.

Ratings/Reviews - 1 User Review

Overall 5.0 / 5
ease 5.0 / 5
features 5.0 / 5
design 5.0 / 5
support 5.0 / 5

Company Information

Lumina Decision Systems
Founded: 1991
United States
www.lumina.com

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Product Details

Platforms Supported
Windows
Training
Documentation
Live Online
Webinars
In Person
Support
Phone Support
Online

Analytica Frequently Asked Questions

Q: What kinds of users and organization types does Analytica work with?
Q: What languages does Analytica support in their product?
Q: What kind of support options does Analytica offer?
Q: What type of training does Analytica provide?

Analytica Product Features

Decision Support

Application Development
Budgeting & Forecasting
Data Analysis
Decision Tree Analysis
Monte Carlo Simulation
Performance Metrics
Sensitivity Analysis
Version Control
Rules-Based Workflow
Thematic Mapping

Risk Management

Dashboard
Internal Controls Management
Risk Assessment
Alerts/Notifications
Auditing
Business Process Control
Compliance Management
Corrective Actions (CAPA)
Exceptions Management
IT Risk Management
Legal Risk Management
Mobile Access
Operational Risk Management
Predictive Analytics
Reputation Risk Management
Response Management

Statistical Analysis

Analytics
Association Discovery
Compliance Tracking
File Storage
Forecasting
Multivariate Analysis
Regression Analysis
Statistical Simulation
Time Series
Visualization
File Management
Statistical Process Control
Survival Analysis

Analytica Reviews

Write a Review
  • Paul D.
    Professor (and retired Senior Principal Researcher at RAND)
    Used the software for: 2+ Years
    Frequency of Use: Weekly
    User Role: User
    Company Size: 1,000 - 4,999
    Design
    Ease
    Features
    Pricing
    Support
    Probability You Would Recommend?
    1 2 3 4 5 6 7 8 9 10

    "Unique Features"

    Posted 2022-07-23

    Pros: Influence diagrams often capture the essence of models. They can be readily communicated or shared. The insights are often more valid than any particular computational results.

    Even complex systems can often be represented comprehensibly with array mathematics. Analytica's declarative programming and array mathematics make it possible for the program to be structurally very similar to the underlying conceptual model. This improves the ability to review and test models, to communicate them, to maintain them, and to share and re-use them.

    The same features mean that a model can be used from the outset for broad n-dimensional parametric uncertainty analysis ("exploratory analysis under deep uncertainty), which would otherwise require a good deal of programming that tends to be deferred and--often--never finished. Such uncertainty analysis is a core element of modern policy analysis for systems in which many things are deeply uncertain and so-called best-estimate point calculations are of dubious value. Analytica also has excellent built-in features for probabilistic modeling and Monte Carlo calculations.

    Analytica can be used for many types of modeling, including time-stepped simulation and MIT-style System Dynamics. It can be used for logic models and qualitative models.

    Cons: Analytica is not an "agent-based language." Nor is it suitable for discrete-event simulation. Its less expensive Its lower-cost "Pro" version does not incorporate optimization such as Excel's Solver (the advanced versions of Analytica do). Although it supports statistical analysis, Analytica is not polished for such work. Nor is its graphics package as powerful as specialized systems such as Tableau.

    Currently, Analytica does not play easily with modules written in Python, R, etc. Also, only the more expensive versions of Analytica allow Analytica models to be used as submodes within much bigger models that might include, e.g., agents, system dynamics, and discrete-event simulation.

    Analytica does not have built-in features for configuration control, validation and verification, etc.

    Overall: Analytica is very powerful. It's not for everyone, but should be viewed seriously for those interested in comprehensibility, uncertainty analysis, and other elements of analysis.

    It is well suited for quick learning and relatively simple modeling, or for much more complicated modeling, but the latter has some steep learning curves and is not for the tyro. Professional programmers may prefer writing in their personal favorite lower-level languages.

    Read More...